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Independent Petroleum Group KSCP (KUW:IPG) Construction In Progress : KWD0 Mil (As of Mar. 2024)


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What is Independent Petroleum Group KSCP Construction In Progress?

Independent Petroleum Group KSCP's annual construction in progress declined from Dec. 2021 (KWD4 Mil) to Dec. 2022 (KWD0 Mil) but then stayed the same from Dec. 2022 (KWD0 Mil) to Dec. 2023 (KWD0 Mil).

Independent Petroleum Group KSCP Construction In Progress Historical Data

The historical data trend for Independent Petroleum Group KSCP's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Independent Petroleum Group KSCP Construction In Progress Chart

Independent Petroleum Group KSCP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 2.28 3.76 - -

Independent Petroleum Group KSCP Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Independent Petroleum Group KSCP Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Independent Petroleum Group KSCP (KUW:IPG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Independent Petroleum Group KSCP (KUW:IPG) » Definitions » Construction In Progress
Comparable Companies
XKRX:285490 XKRX:083930 XKRX:192390 XKRX:030000 XKRX:064820 XKRX:003220 XKRX:069960 XKRX:108230 XKRX:022220 XKRX:005670 SAU:2222 XOM CVX LSE:SHEL SHSE:601857 XPAR:TTE LSE:BP. OSL:EQNR BSP:PETR3 HKSE:00386
Traded in Other Exchanges
N/A
Address
Block 1A, Street 7, 4th Ring Road, P.O. Box 24027, Building, No. 18, Jabriya, Safat, KWT, 13101
Website
https://ipg.com.kw
Independent Petroleum Group KSCP is engaged in the trading and marketing of crude oil, petroleum products. The trading of crude oil and petroleum products is also related to storage and distribution operations. LPG, petrochemicals, and fertilizers. In addition to this core activity, it has interests in terminalling, pipelines, and shipping. The company is involved in trading of the following petroleum products - Motor gasoline, Jet fuels, Crude oils, Gas, Asphalt, and Naphtha. The group operates in Africa, the Middle East, Europe, Asia and the Far East where Africa and the Middle East region generates maximum revenue.